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Saudi Aramco Signs $10 Billion Worth in Deals with U.S. Companies
April 2, 2018
Saudi Aramco has signed deals worth more than $10bn in areas like offshore drilling, well testing and others with 14 American companies during the Saudi-US CEO Forum held in New York. The Forum was scheduled to coincide with the official
Japan’s Itochu Signs $406 Million Deal to Acquire Shell Iraq
March 27, 2018
Shell EP Middle East has signed an agreement to sell 100 percent stake in Shell Iraq (SIBV) to a subsidiary of Japan’s Itochu for $406m. Under the terms of the deal, Shell will divest SIBV, which owns 19.6 percent stake
Australian Cowboys and Farmers Rally Against Gas and Coal Mining
March 27, 2018
Thousands of Australians, including farmers on horseback, have marched through Sydney, calling for an end to coal mining and a focus on renewable energy. The rally participants say mining projects damage productive land. Thousands of people from across the Australian
OMV Acquires Shell’s Upstream Business in New Zealand for $578 Million
March 20, 2018
Austria-based oil and gas firm OMV has signed an agreement to acquire Shell’s stakes in upstream business in New Zealand for $578m. Under the terms of the deal, OMV will acquire Shell’s 48 percent joint venture interest in Pohokura gas
Summit and Mitsubishi Sign MoU to Build $3 Billion LNG-to-Power Project, Bangladesh
March 19, 2018
Bangladesh-based independent power producer Summit Power International (SPI) has signed a memorandum of understanding (MoU) with Japan’s Mitsubishi to develop a LNG-to-Power project at Matarbari, Moheskhali area in Bangladesh, with an investment of $3bn. The MoU has been signed by
ExxonMobil Discovers More Oil in Guyana’s Stabroek Block
March 19, 2018
ExxonMobil and its partners have made an oil discovery offshore Guyana following the drilling of the Pacora-1 exploration well in the Stabroek Block. After drilling for nearly one month using the Stena Carron drillship, ExxonMobil encountered nearly 65ft of oil-bearing
Italy’s Snam to Invest $6.4 Billion to Boost Gas Infrastructure
March 15, 2018
Italian natural gas infrastructure firm Snam has announced its plan to invest €5.2bn ($6.44bn) from 2017 to 2021 to boost natural gas infrastructure, amid a sustained growth in gas demand. The new investment plan, which represents a 10 percent increase
Oceaneering Acquires Scottish Offshore Contractor Ecosse Subsea
March 13, 2018
Oceaneering International has acquired Ecosse Subsea, a provider of offshore engineering, seabed preparation, route clearance and trenching services, for about £50m. Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and
Statoil to Invest $642 Million to Develop Askeladd Field in Barents Sea
March 13, 2018
Norwegian firm Statoil and its partners have decided to invest over NOK5bn ($642m) to develop the Askeladd field, which is part two of the multi-phased Snøhvit development in the Barents Sea. The Askeladd field is expected to supply 21 billion
Woodside Reaches Deal with BHP to Operate Scarborough Gas Field, Offshore Australia
March 13, 2018
Woodside has reached an agreement with BHP Billiton to become the operator of the offshore Scarborough gas field in Australia. Under the agreement, BHP Billiton has given its formal consent to the sale of ExxonMobil’s 50 percent stake to Woodside
